Two sellers purchase an item that costs $100+gst from distributor, and both sell at auction $200. Now some auction houses will add GST on to that, but TM everything seems to be sold GST inclusive.
So, ignoring the GST component in TM's success fees, the GST registered vendor nets $74, and the non GST registered vendor nets $85. In this scenario, the latter earns 15% more. But the actual percentage will vary. So the non-GST registered vendor can afford to sell below the price that the GST registered vendor sells at.